Foot Locker (FL) 10-Q 2015 Q2 Quarterly report

Exhibit 12

FOOT LOCKER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Unaudited)

($ in millions)

	Twenty-six weeks
	ended				Fiscal year ended
	August 1,		August 2,		Jan. 31,		Feb. 1,		Feb. 2,		Jan. 28,		Jan. 29,
	2015		2014		2015		2014		2013		2012		2011
NET EARNINGS
Net income	$	303	$	254	$	520	$	429	$	397	$	278	$	169
Income tax expense		172		144		289		234		210		157		88
Interest expense, excluding capitalized interest		5		5		11		11		11		13		14
Portion of rents deemed representative of the interest factor (1/3)		125		118		249		236		222		218		213
	$	605	$	521	$	1,069	$	910	$	840	$	666	$	484
FIXED CHARGES
Gross interest expense	$	5	$	5	$	11	$	11	$	11	$	13	$	14
Portion of rents deemed representative of the interest factor (1/3)		125		118		249		236		222		218		213
	$	130	$	123	$	260	$	247	$	233	$	231	$	227
RATIO OF EARNINGS TO FIXED CHARGES		4.7		4.2		4.1		3.7		3.6		2.9		2.1